Other Financing Liabilities

12 Months Ended

Dec. 31, 2021

Note 13 — Other Financing Liabilities

The following tables presents transferred MSR liabilities recorded in connection with MSR sales and transfers that do not qualify for sale accounting and liabilities of consolidated mortgage-backed securitization trusts.


			Outstanding Balance at December 31,
Borrowing Type	Collateral	Maturity	2021		2020


Original Rights to MSRs Agreements, at fair value - NRZ (1)	MSRs	(1)	$	558,940	$	566,952
Pledged MSR liability, at fair value - MAV (1)	MSRs	(1)	238,144		—
			797,085		566,952
Financing liability - Owed to securitization investors, at fair value:
Residential Asset Securitization Trust 2003-A11 (RAST 2003-A11) (2)	Loans held for investment	Oct. 2033	7,879		9,770
Total Other financing liabilities, at fair value			$	804,963	$	576,722

(1)See Note 8 — MSR Transfers Not Qualifying for Sale Accounting for additional information.

(2)Consists of securitization debt certificates due to third parties that represent beneficial interests in trusts that we include in our consolidated financial statements. Holders of the debt issued by the consolidated securitization trust entities have recourse only to the assets of the SPE for satisfaction of the debt and have no recourse against the assets of Ocwen. Similarly, the general creditors of Ocwen have no claim on the assets of the trusts. The certificates in the trust pay interest based on fixed rates ranging between 4.25% and 5.75% and a variable rate based on 1ML plus applicable margin, and include principal-only certificates that are not entitled to receive distributions of interest. The maturity of the certificates occurs upon maturity of the loans held by the trust.